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  • it has hardly been a good year for the global economy.

  • But as 2020 ends, German firms are feeling surprisingly festive.

  • New figures out Friday show a sharp rise in morale.

  • December's FO Business climate index jumped to 92.1 when analysts had forecast a drop.

  • Economists say a combination off government aid and strong exports to China has limited damage from lockdowns.

  • Andi Foe, President Clemens First says good news definitely isn't limited to overseas shipments.

  • Domestic industries like transport and logistics have done well, he says.

  • Thanks to good industrial activity and also online trading.

  • New numbers suggests Germany could avoid an economic contraction in the fourth quarter.

  • There are caveats, though.

  • Many firms submitted their survey responses before Germany's latest locked down kicked in.

  • And then there is the question off a post Brexit trade deal for Britain.

  • Ah, big market for German goods.

  • Michael Schmidt is president off the British Chamber of Commerce in Germany.

  • Opposition upcoming game.

  • Whether there is a deal or not, there will be massive changes at the start of the year.

  • Many businesses and members of the British Chamber of Commerce in Germany are telling us that they expect January to be bumpy, and that's putting it very diplomatically.

  • Diplomatic.

  • Germany's government has provided billions of euros in aid to support companies, families and freelancers, but the country is now in another hard locked down due to last until January 10th.

  • Next month's business morale may depend on that date not getting pushed back.

it has hardly been a good year for the global economy.

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Why German businesses are feeling strangely jolly

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    林宜悉 posted on 2020/12/22
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